Title
GBPJPY H4 I Reacting off resistance?

Type
Bearish Reversal

Preference:

The price is rising toward our pivot point at 181.24, which is an overlapping resistance level aligned with the 61.8% Fibonacci retracement. A reversal from this point could lead to a drop in price to the 1st support at 179.48, which is a swing-low support level.

Alternative scenario:
However, if the price breaks above the pivot, it could rise to the 1st resistance at 182.988, which is a swing-high resistance level.

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